Publication of 2012 Annual Report

OJSC MAGNIT - Publication of 2012 Annual Report

PR Newswire

London, April 30

OJSC "Magnit" Announces The Publication of its2012 Annual Report

Krasnodar, April 30, 2013: OJSC "Magnit", Russia's largest retailer (the"Company"; MICEX and LSE: MGNT), announces the publication of its 2012 AnnualReport

Please be informed that the 2012 Annual Report is available at the officialwebsite of OJSC "Magnit".

Please follow the link http://magnit-info.ru/en/investors/finance/ to view theEnglish version of the report

and http://magnit-info.ru/investors/finance/ for the Russian version.

For further information, please contact:

Headquartered in the southern Russian city of Krasnodar, Magnit (LSE and MICEX:MGNT, S&P: "BB") is the holding company for a group of entities that operate inthe retail trade under the "Magnit" brand. The chain of "Magnit" stores is thelargest food retail network in Russia. As of March 31, 2013 the chain consistedof 6,209 convenience stores, 132 hypermarkets, 21 "Magnit Family" stores and713 cosmetics stores (drogerie) in 1,647 cities and towns throughout theRussian Federation.

Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.

As of March 31, 2013 Magnit operated an in-house logistics system consisting of18 distribution centers, employing automated stock replenishment systems and afleet of 4,448 vehicles.

In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14.43 billion USD and aconsolidated EBITDA of $1.52 billion USD.